VP FP&A-Vendor Solutions Job at Mitsubishi HC Capital America Inc
Mitsubishi HC Capital America Inc Itasca, IL 60143
$215,900 - $246,300 a year
Position will be located in our Itasca, IL office.
Position Overview:
This position works closely with the Vendor Solutions business leaders to evaluate business opportunities, drive financial improvement, and is responsible for financial planning, presentation and analysis.
Risks:
- Decreased profitability, lost opportunity as a result of bad financial decisions
- Not accounting for impact of negative market forecasts that can lead to negative variances to plan.
- Non-Compliance with GAAP and SOX resulting in the inability for management to assert the effectiveness of internal controls over financial reporting.
- Current business operation is inefficient resulting in inability to meet customer’s requirements, management requirements, and incurring additional costs.
- Budget and Medium-Term Plan is inaccurate, does not reflect management expectation or is not submitted on a timely basis.
Essential Duties and Responsibilities:
(List in order of time spent)
Accounting and Reporting:
Build Vendor Solutions operational financial planning and analysis capabilities- Drive financial analysis and decision making across Vendor Solutions by partnering with business leaders
- Includes identifying opportunities for efficiency or revenue improvement and bringing ideas/partnering with business leaders
- Accountable for the preparation of the budget and medium-term plans, developing assumptions with business leaders, and developing a process to report key performance metrics to senior leadership.
- Integration:
- Evaluate operating expenses and identify opportunities for reduction
- Create consolidated view of Vendor Solutions and understand key drivers and risks
- Drive quantitative review and evaluation of all Vendor Solutions commission plans and harmonize plans where needed.
- Evaluate opportunities for synergies in both revenue and cost areas. As appropriate, work with Credit Planning to help develop and implement risk-based pricing strategies and establish monitoring mechanism to ensure compliance.
- In charge of developing understanding of business and market dynamics for Vendor Solutions portfolios and platforms, providing accounting and structural guidance as needed.
- Review periodic Vendor Solutions financial report for trends and comparison to budget providing insight on track of near-term forecasts and plans.
- Tracking economic and industry indicators adjusting plans accordingly
- Work with Treasury on portfolio analysis for Syndication sales (including portfolio sales) and Asset Backed Securitizations
- Assist SVP FP&A and CFO with submissions to corporate and projects as needed
Other:
- Assist in documenting and maintain internal controls and accounting policies and procedures in conformance with GAAP, Sarbanes Oxley, and federal, state and local tax jurisdictions.
Responsibility and Decision-Making Authority:
- Act independently; Decision making within company policy
Management/Supervisory Responsibilities: Manage Financial Planning Analyst
Qualifications:
Knowledge, Skills, and Abilities:
- Financial planning & analysis
- Lease accounting and structuring
- Strong problem solving and analytical skills
- Strong writing skills
- Strong skills in using Microsoft Word, Excel and Outlook applications
- Detail oriented and attention to accuracy and thoroughness
- Good leadership and communication skills
Education and Experience:
BS in Accounting or Finance or equivalent experience.- 10+ years of experience in all facets of finance in the leasing industry.
- Experience with multinational company a plus.
- Working knowledge and familiarity with Sarbanes Oxley regulations, monitoring and financial reporting requirements.
Licensing and Certification:
CPA, a plus
Working Hours:
- Hours may vary and will require evening or weekend work depending on business needs and will require working overtime.
- Position will be located in our Itasca, IL office.
Tools and Equipment Used:
- Personal computer, copier, fax, phone, and other typical office equipment
Travel:
Occasional travel related to attendance at industry seminars.
Physical Demands:
- Digital dexterity and hand/eye coordination in operation of office equipment
- Light lifting and carrying of supplies, files, etc.
- Ability to speak to and hear customers and/or other employees via phone or in person
- Body motor skills sufficient to enable incumbent to move from one office location to another
The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.
Salary Range: $215,900 to $246,300 per year, plus discretionary bonus.
The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience, and education.
Additional Benefits:
- Medical, Dental and Vision Plans
- 401(k) and matching
- Generous Paid Time Off
- Company paid Life Insurance
- Employee assistance program
- Training and Development Opportunities
- Employee discounts
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